Arizona State AutoTitle Loan Regulation
States that permit car-title lending as of December 2012
State:
Status: Citation: Max Loan: Cost Limits: NSF/Fees: Term Limits: Cost $500: Sale/LeaseBack?: Repo Terms: Right to Cure: Surplus/Deficiency: Prohibited Practices: Title Required: |
Arizona
Permit Motor Vehicle Time Sales Disclosure Act (Ariz. Stat. 44-281 et seq.) 17%/mon. $500 or less; 15% per mon. $501-$2,500; 13%/mon. $2,501-$5,000; 10%/mon. more than $5,000 Late fee up to 5% of unpaid balance of installment if not paid in full on tenth day after due date $85/204%APR May extend payments, defer payment(s), renew unpaid balance or restate the unpaid balance. Lender gets deficiency balance, borrower gets surplus. No |